Plan Ledger DOL Form 5500 · updated monthly

Solomon Realty Advisors, Inc.401(k)

SOLOMON REALTY ADVISORS, INC.401 (K) PROFIT SHARING PLAN · SUMMIT, NJ · plan year 2024

Reported admin expense ratio · 2024
1.19%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Solomon Realty Advisors, Inc. reported $163,479 in plan administrative expenses for 2024: 1.19% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,047 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.27% to 1.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New Jersey (1,229th of 2,419), and the 825th of 2,096 in real estate & leasing. In 2024, employees put in $2.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,450,686
Participants with balances691
Active participants632
Employer contributions$661,703
Employee contributions$1,937,044
Employer contribution per active participant$1,047
Average account balance$22,360
Benefits paid to participants$885,247
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 691 accts · $662K emplr
2023$12.0M · 694 accts · $528K emplr
2022$8.8M · 666 accts · $420K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$163,479
Total administrative$163,479
The Solomon Realty Advisors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,047
Median for plans this size$2,416
2024$1,047 per active participant
2023$874 per active participant
2022$694 per active participant

Solomon Realty Advisors, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$138,943
ORENDA RETIREMENT, LLC · Other services · Contract administrator$24,536
NORTHWESTERN MUTUAL INVESTMENT SERV · Other servicesindirect comp
WILSHIRE ADVISORY LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$163,479 · 1.19%
2023$125,745 · 1.21%
2022$112,565 · 1.27%
Same employer
Similar plansReal Estate & Leasing · New Jersey
Nexus Management, LLC NJ$16.8M · 0.48%
The Kamson Corporation NJ$16.8M · 0.04%
Ingerman Management Company NJ$15.7M · 0.24%
Russo Development, LLC NJ$15.7M · 0.09%
Matrix Realty Inc. NJ$15.2M · 0.02%
The Jack Parker Corporation NJ$12.9M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222867476 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.